The cryptocurrency market is currently displaying a positive price sentiment as Trump gears up to assume his presidential role. The market is portraying a bullish sentiment, with Bitcoin standing at a $99K price pedestal, at a precipice of hitting $100K again. In this wake, major altcoins like Solana (SOL), Cardano (ADA), and Ripple (XRP) are also portraying a bullish stance, inching to surge and hit a new high. Will these three coins surge beyond their current price levels once Trump assumes the presidency? Let’s find out.
Also Read: Top 3 Cryptocurrencies Close To Hitting New All-Time Highs
Why Should The Market Respond Positively To Trump’s Inauguration?
Firstly, Trump is all set to assume his presidential duties by January 20. This marks a new era for the industry as a whole, as Trump is eager to make elemental changes that may promote the positive crypto infrastructure in the realm. At the same time, Trump has declared his long-term ambition of making America a great crypto hub, bolstering the market surge capabilities to new levels.
“Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and bitcoin.”
President Trump says, “Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and bitcoin” pic.twitter.com/q73AlVtiv2
— Documenting ₿itcoin 📄 (@DocumentingBTC) January 14, 2025
Solana (SOL) Price Path
Per CoinCodex, Solana is on the verge of hitting a new high of $230. As of now, Solana is currently sitting at $202, up 7% in the last 24 hours. The year 2024 has been particularly lucrative for the token, given the fact that Solana has been the go-to choice for central meme coin launches and activity.
SOL may hit $203 by January 20, 2025.
Per CC, SOL may soon hit $232 by the end of January or the first/second week of February.
Also Read: How High Will LTC Surge If Litecoin ETF Is Approved?
Cardano (ADA) Price Forecast
ADA is also surging ahead in the radar as Cardano gears up to carve a new price path. Cardano is also one of the leading crypto coins, noting an uptick of 2% in the last 24 hours, followed by a surge of 14% in the last seven days. Trump’s presidency optimism could fuel the altcoin market, giving ADA a chance to recover its lost valuations.
Per CC, ADA may sit at $1.117 by January 20, 2025.
It may ultimately hit $2.88 by April 2025.
Ripple (XRP) Price Path
Ripple has a lot in store for 2025, as XRP has a few key proceedings that could play a pivotal role in shaping the token’s price path. Ripple ETFs may soon become a reality and, at the same time, could help XRP soar to new highs with the new SEC chair taking over.
Per CoinCodex, XRP may sit at a $2.91 price level.
The token may eventually hit $4 by April 2025.
Also Read: Ripple CEO Blasts SEC Appeal as ‘Insanity’ – What’s Next for XRP?
